The National Association of Realtors® (NAR) — a powerful voice in the U.S. housing arena — recommends moving toward a future where covered bonds could play a significant role in U.S. real estate financing.
This recommendation comes as part of a new NAR document on how best to restructure Fannie Mae and Freddie Mac, the giant “Government-Sponsored Enterprises” (GSEs) that continue to play a massive role in providing funding for home mortgages even while suffering huge losses. READ MORE>>
http://www.coveredbondinvestor.com/news/realtors%C2%AE-recommend-covered-bonds-revamped-gses